Form Dte 140m-W4 - Worksheet To Calculate Tax Rate For Form Dte 140m Page 2
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2DTE 140M-W4
Rev. 12/08
O.R.C. §5705.03(B)
Page 2
$15,000,000 for 2009 (collected in 2009) and $7,500,000 for 2010 (collected in 2010). The average estimated
value for tangible property should determined as follows:
Year
RP TY
TPP TY
%
Est. TPP Value
1
2008
2009
50%
$15,000,000
2
2009
2010
25%
$7,500,000
3
2010
0%
$
0
4
2011
0%
$
0
5
2012
0%
$
0
Total
$22,500,000
Average ($22,500,000 / 5)
$4,500,000
Line 2. Add lines 1a through 1d and place total here.
Line 3. Enter the requested revenue certified to the county auditor by the subdivision.
Line 4. Enter the amount of the reimbursement payment (if any) the subdivision will receive for renewal of a
qualified emergency levy for the first general personal property tax year the proposed levy will be or would be in
effect. (Note: If the first year the proposed levy will be assessed against real property is tax year 2006, then the
first year that levy will be assessed against personal property will be 2007.)
Renewed emergency levies will qualify for reimbursement payments for any such levy renewed for personal
property tax years 2007-2010. For personal property tax years 2011-2017, renewed emergency levies will continue
to receive a reimbursement payment if the original levy qualified for reimbursement (i.e., it is listed on the Department
of Taxation’s Web site), and the renewal levy generates at least the same amount of annual revenue as the
original qualifying emergency levy.
Line 5. Subtract the amount on line 4 from the amount on line 3 and enter the difference here. This is the amount
that will be collected as taxes.
Line 6. Divide line 5 by line 2 and multiply by 1,000 to get the tax rate in mills. Place this rate on the line provided
in Item 2 on form DTE 140M.
General Instruction
Use this worksheet for all school emergency levies, whether for a renewal of the same amount as originally
authorized or for a renewal with an amount that is lesser or greater than that original amount. Note: You may also
have to inform the subdivision of the correct levy type to be used on the ballot.
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